1st TD note in Ca. private money that I funded.

[Michael Zau]

Investment Info:

Single-family residence note investment investment in Cathedral City.

Cash invested: $28,000

note of 1st TD with hard to prove income, except bank statements.

What made you interested in investing in this type of deal?

down payment of 80%

How did you find this deal and how did you negotiate it?

referred to me by financial advisor

How did you finance this deal?

cash

How did you add value to the deal?

no prepay, funded within 7 days

What was the outcome?

still receiving note income plus late fees. also funded with a discount point, so yield is higher than note rate.

Lessons learned? Challenges?

receive payment from servicing company was late and they had some servicing challenges.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Overall Del Toro Loan servicing was good in its service. They've had some major employment changes the past 10 years, but still getting my payments and fees, so I can overlook that.